Expect The European Economic Trainwreck To Be On Full Display Tuesdayhttp://www.businessinsider.com/european-pmis-april-2-2013-4/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Tue, 03 Mar 2015 20:12:05 -0500Joe Weisenthalhttp://www.businessinsider.com/c/515a5d9feab8eabc7c000014TraderGregTue, 02 Apr 2013 00:25:03 -0400http://www.businessinsider.com/c/515a5d9feab8eabc7c000014
You are terribly, terribly confused person. Any attempt to argue with you would be futile.http://www.businessinsider.com/c/515a4b7becad042109000004john1066Mon, 01 Apr 2013 23:07:39 -0400http://www.businessinsider.com/c/515a4b7becad042109000004
"By Benanke keeping the Fed interest rate, it is the greatest transfer of wealth from the poor/middle income to the rich and corporations in the history of mankind."
Deflation would be much worse. They would just sit on their money and it would become worth more day after day.
The fed controls monetary policy. What is needed to stop the ultra rich from taking all the gains is fiscal policy.
Also funny how this also shows how the wealth does not Trickle Down.http://www.businessinsider.com/c/515a42656bb3f70a7a000001Bob123Mon, 01 Apr 2013 22:28:53 -0400http://www.businessinsider.com/c/515a42656bb3f70a7a000001
It's baked in. We have already known all the constituent countries haven we not?
At this time, any country that does not do well basically mismanages itself. The United states consumers are awash with cash. They can't spend enough. We are confident, happy and ready to spend more. Export to us. We will buy them all to show how strong we are.
So if you are not doing well, it's your fault.http://www.businessinsider.com/c/515a37f8eab8ea9e47000004Buster BunnsMon, 01 Apr 2013 21:44:24 -0400http://www.businessinsider.com/c/515a37f8eab8ea9e47000004
Austerity programs without tax cuts to off-set reduced spending will kill any economy. The European elite want to simply take without giving. No wonder Europe is screwed.http://www.businessinsider.com/c/515a346eecad04687e000026Greatest Wealth TransferMon, 01 Apr 2013 21:29:18 -0400http://www.businessinsider.com/c/515a346eecad04687e000026
By Benanke keeping the Fed interest rate, it is the greatest transfer of wealth from the poor/middle income to the rich and corporations in the history of mankind.http://www.businessinsider.com/c/515a2634eab8eadd36000005john1066Mon, 01 Apr 2013 20:28:36 -0400http://www.businessinsider.com/c/515a2634eab8eadd36000005
"No, savers are a lot of retired folks who need a better interest rate John."
Savers you say. Well let's take a look at the score board....
The bottom 80% of wealth holders hold about 11% of all US wealth.
The next 10% of wealth holders hold about 12% of all US wealth.
The next 5% of wealth holders hold about 14% of all US wealth.
The next 4% of wealth holders hold about 28% of all US wealth.
The next 1% AKA the top 1% hold about 35% of all US wealth.
Put another way.
The top 1% hold 35%
The top 5% hold 63%
The top 10% hold 77%
The top 20% hold 89%
So in reality those savers are not 80% of the population.
80% of the population has to suffer to keep 20% or less happy with higher interest rates?
The other part is deflation. That will also hit some of the people in the top 20% along with the 80% as their jobs just go away.
Sorry no the "savers" cannot get their way. That will do major damage to the economy and 80+% of the population.http://www.businessinsider.com/c/515a2404ecad04257700000dJohanMon, 01 Apr 2013 20:19:16 -0400http://www.businessinsider.com/c/515a2404ecad04257700000d
$ 1,020,000,000,000.= is the difference between EU and the USA.
The GDP of the USA is actually 95% of its GDP. The missing 5% and the growth of 2% is paied by mr Ben Bernanke.
So USA PMI is brilliant, as is it's balance of trade.
Greatings Johanhttp://www.businessinsider.com/c/515a220769bedd1b09000001john1066Mon, 01 Apr 2013 20:10:47 -0400http://www.businessinsider.com/c/515a220769bedd1b09000001
What they need is even more Austerity.
Austerity for everyone.
The "savers" aka the rich, have to have more money and power.
How about deflation for everyone?
That will really help the "savers" aka the rich.http://www.businessinsider.com/c/515a1e4069bedd577c000006mjeMon, 01 Apr 2013 19:54:40 -0400http://www.businessinsider.com/c/515a1e4069bedd577c000006
A big thanks should go to Merkel, and Cameron who have managed to ...deppress everybodies economy. Now that the US has joined the Austerity non-party those economies cannot count on the US consumer to bail them out.http://www.businessinsider.com/c/515a1d8aeab8ea1028000002Anton OlffMon, 01 Apr 2013 19:51:38 -0400http://www.businessinsider.com/c/515a1d8aeab8ea1028000002
China, as well as US PMI were also below expectations. The EUR is being pushed down to help with exports. Indeed, the ECB-which has held firm-may signal a change in interest rate policy.